INTEREST SYSTEM IN CROATIA

INTEREST SYSTEM IN CROATIA

When interests are stipulated between natural and a legal person, maximum rate of contract interests cannot be higher from the rate of default interests on the day of entering into contract (today it would be 14%), while at stipulating a changeable interest rate- on the day of the change. When the interest rate is not determined, thus interests are stipulated, the interest rate in amount of a quarter of the default interest rate is taken (3,5%).